2. Polam Federal Credit Union

Polam Federal Credit Union


Overview / Commentary
www.polam.org
323-463-5137
589 N Larchmont Blvd
Los Angeles, CA 90004-1305

Polam Federal Credit Union is headquartered in LOS ANGELES and is the 188th largest credit union in the state of California. It is also the 2,086th largest credit union in the nation. It was established in 1969 and as of June of 2019, it had grown to 9 employees and 2,019 members at 2 locations. Polam Federal Credit Union's CD rates are 100% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

POLAM Federal Credit Union is open to residents of Southern California who are family and friends, or supporting members of the Polish American Congress (supporting donation of $20 can be made at time of membership opening).
See current membership details

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Health
B+

Data as of Q2 2019

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Polam Federal Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #19739
Year Chartered1969
Employees9
Primary Regulator
Profit Margin
Return on Assets - YTD0.4%
Return on Equity - YTD3.69%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$63.3MM$61.1MM
LoansQ2 2019vs Q2 2018$31.1MM$30.2MM
DepositsQ2 2019vs Q2 2018$56.2MM$54.3MM
Equity CapitalQ2 2019vs Q2 2018$7.0MM$6.7MM
Loan Loss AllowanceQ2 2019vs Q2 2018$659.00K$674.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$470.00K$4.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Polam Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.80%$1k-IRA Account
0.25%$100-Savings Account

Polam Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%*$75k*-Money Market Account
OTHER TIERS: 0.30% → $2.5k - $25k | 0.35% → $25k - $75k

Polam Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%*$25k*-5 Year CD
OTHER TIERS: 2.20% → $2.5k - $25k
2.15%*$25k*-4 Year CD
OTHER TIERS: 2.10% → $2.5k - $25k
2.05%*$25k*-3 Year CD
OTHER TIERS: 2.00% → $2.5k - $25k
1.95%*$25k*-2 Year CD
OTHER TIERS: 1.90% → $2.5k - $25k
1.80%*$25k*-1 Year CD
OTHER TIERS: 1.75% → $2.5k - $25k
1.45%*$25k*-6 Month CD
OTHER TIERS: 1.40% → $2.5k - $25k
Locations


Polam Federal Credit Union Locations
Branch Office589 N LARCHMONT BLVDLOS ANGELES, CA 90004-1305
Branch Office1700 N TUSTIN STORANGE, CA 92865-4603

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